The Technology Innovation Agency sold its Kapa stake for $4.9-million months before Roche bought the biotech for $445-million.
Author: Stephen Timm
Stephen Timm
Stephen Timm is a writer, journalist and researcher with over 20 years of experience writing, reporting and researching on the business sector. He is author of "At Any Cost: The South African fraudster who took the tech world for more than $40 million".
While a string of local tech start-ups were snapped up in 2021, many were acquired for significantly less than the blockbuster exits of years gone by.
In this extract from At Any Cost, a book on convicted South African fraudster Elan Eyal, author Stephen Timm explains how tech entrepreneurs like Eyal are able to hoodwink angel investors.